Ferrara said that one of the reasons the Condominium Act was passed was to limit the impact on a municipality's infrastructure. A condo building housing hundreds of people requires fewer streets, sewers and streetlights than an equivalent space provided by single-family homes.
"If you see a problem with the law, then correct the problem, don't change the law," said Ferrara. "You can fix a law without hitting it with a sledgehammer."
The City Council is slated to consider a resolution to ask Sen. Elizabeth Little, R-Queensbury, to reintroduce a bill to revise the Condominium Act and remove condo assessment limitations on Tuesday, Jan. 20. It is expected that changes would only apply to new condos, and current owners would be grandfathered into the new standards.
"I'm entertaining the idea," said Mayor Scott Johnson, adding that it might be a concept better suited for more prosperous times.
"I think it's important to consider the effect any such change in the law might have on developers' willingness to locate here."